Bitcoin price falls back to $82,800 (about Rs 2.29 crore) after failing at $84,800
Bitcoin dropped more than $2,000 in six hours as weak Tesla and Lam Research outlooks soured the mood on AI stocks. Traders are watching $82,500.
Bitcoin was trading just under $82,800 on Thursday morning, about Rs 22.9 million (Rs 2.29 crore) at today's dollar rate, after a run at $85,000 failed late on Wednesday, CoinDesk reported. It touched about $84,800, then lost more than $2,000 in roughly six hours to around $82,600.
Our bitcoin price page recorded $82,845 at this morning's reading, down from $84,310 a day earlier, a fall of about 1.7%. At the interbank dollar rate of Rs 276.86, that is roughly Rs 22,936,000 a coin.
Why bitcoin fell
The drop came with a wider sell-off in technology shares after US results on Wednesday evening, according to CoinDesk:
- Tesla fell 3% in after-hours trade after cutting its capital spending forecast.
- Lam Research, which makes chipmaking equipment, dropped 7% on a weak outlook.
- Meta rose 2% after raising its AI spending plans, but that did not lift the mood.
- Nasdaq 100 futures fell 1.1% and S&P 500 futures 0.5%; South Korea's Kospi fell 2.2% and China's CSI 300 1.7%.
- Oil rose on renewed tension in the Middle East.
Bitcoin has been trading like a technology stock this month, so doubts about how much the big companies are spending on AI have spilled into crypto.
The levels traders are watching
| Level | Why it matters |
|---|---|
| $84,000 | Turned the price back on 13 and 14 October, and again this week |
| $82,500 | Support; market watchers quoted by CoinDesk warn a break could open a slide toward $70,000 |
Other coins, Thursday morning
| Coin | Move | Approx. price |
|---|---|---|
| Ether (ETH) | down less than 1% | $2,443, about Rs 676,000 |
| Zcash (ZEC) | up nearly 3% | about $1,290 |
| XRP | up less than 1% | about $1.35 |
| Solana (SOL) | down about 1% | about $105 |
| Dogecoin (DOGE) | down 2% | |
| Hyperliquid (HYPE) | down 3% | about $79 |
Rupee figures are worked out at Rs 276.86 to the dollar. Track ether on our ether price page, and convert any amount with the currency converter.
Before you buy
Crypto trading by individuals is still not regulated in Pakistan the way bank deposits or shares are, and a 1.7% fall in a day is a normal move for bitcoin. If you hold crypto through an overseas exchange, keep records of what you paid in rupees: gains may be taxable, and our capital gains tax calculator shows how gains on other assets are taxed.
Frequently asked questions
- What is the bitcoin price in Pakistani rupees today?
- About Rs 22.9 million (Rs 2.29 crore) on 22 October 2026, with bitcoin near $82,845 and the dollar at Rs 276.86 on our data pages.
Sources
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